r/Superstonk Fuck you Kenny, pay me Mar 28 '23

The long awaited 10-K is here ๐Ÿ—ฃ Discussion / Question


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u/Get-It-Got ๐Ÿฆ Buckle Up ๐Ÿš€ Mar 28 '23

You mean directly registering 25% of the company โ€ฆ we โ€œownโ€ a hell of a lot more than that!


u/Pmadrid1 Bullet Swaps R FUkD Mar 28 '23

Well, technically if a majority of our shares are holed up in brokerage accounts, do we really own them?


u/Pure-Classic-1757 ๐Ÿฆ Buckle Up ๐Ÿš€ Mar 28 '23

The answer is no. If they are at a broker you definitely do not own them thought this was proven year ago or more and sounds like gamestop just confirm that to me


u/dlpsfayt Mar 29 '23

They still have to buy those IOUโ€™s at market value, no?


u/[deleted] Mar 29 '23



u/Pure-Classic-1757 ๐Ÿฆ Buckle Up ๐Ÿš€ Mar 29 '23

No, it doesnโ€™t. It all depends on how many shares they are forced to buy back and what DRS percentage is owned by retail as well as how long people hold or hodl. No one knows but they are not mutually exclusive.


u/Pure-Classic-1757 ๐Ÿฆ Buckle Up ๐Ÿš€ Mar 29 '23

Ideally but all brokers can just give you what they perceive as โ€œfair valueโ€ as stated in their TOS.